Given the size of the building systems market of $120Bn in 2014 and healthy projected compound annual growth rate of 8.98% to 2020, it is not surprising that players from the more consolidated IT infrastructure and software business see attractive opportunities in the Building Internet of Things (BIoT). Several big players have made moves to become more involved in intelligent buildings & building automation, either by way of acquisitions or strategic partnerships. They realize that from this base the Building Internet of Things (BIoT) can rapidly expand; and within 10 years theoretically treble the size of the business. The BAS industry has been relatively slow to appreciate and acknowledge the growing importance of data and software solutions and effectively manage that data; moving away from a market driven by the desire to sell as much equipment and as many servicing contracts as possible. Whilst we see continued growth in revenues for the sale of sensors, […]